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Thursday, May 2, 2024

Cabinet okays Covid-related tax cuts

The cabinet on Tuesday approved extending tax measures for individuals and companies that donate to the government; import medicines, medical supplies and medical equipment for public charity; and buy antigen test kits (ATK) for their employees.

These are all recognised as supporting the government’s virus containment measures.

Government spokesman Thanakorn Wangboonkongchana said the cabinet approved a draft of three royal decrees relating to the revenue exemptions.

These include a draft royal decree to extend a corporate income tax deduction and personal income tax deduction for companies and individuals that support donations to the government’s efforts to contain Covid-19 infections via the Excise Department’s e-donation system, extending to Dec 31, 2023 from the previous…

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